The Barcelona administration described the characteristics of the financial crisis the Spanish team is going through, which necessitates the release of three high-paid stars, notably Gerard Pique, Sergio Busquets, and Jordi Alba.
However, Barcelona “will not be able to lower the load of its salaries to manageable levels, before the contracts of a number of seasoned players expire,” according to the club’s deputy financial director Edward Romeo on Thursday.
Romeo cautioned that “it would probably take two seasons before Barcelona can control the pay of its players within acceptable bounds” as he unveiled the spending plan for this year.
Crises characteristics
• During the tenure of former club president Josep Bartomeu, Barcelona pay increased to become the highest in football.
• The club is deeply in debt as a result of the substantial payroll expense and the economic effects of the coronavirus outbreak.
• Juan Laporta, the president in office, is still looking for answers to the complex issue.
The amount of money we spend on the salaries of our players, former president Romeo stated, “is what troubles us. There are some contracts that are exceedingly expensive but expire this season or the season after. He responded in the affirmative when asked if he was referring to Pique, Busquets, and Alba.
While Pique and Alba have contracts that last through the summer of 2024, Busquets’ deal ends at the conclusion of the current campaign.
With the departure of superstars Lionel Messi, Luis Suarez, Antoine Griezmann, and Philippe Coutinho in recent seasons, the club eliminated enormous payments.
Nonetheless, due to fresh additions like those of Robert Lewandowski, Jules Cunde, and Rafinha, spending has climbed this summer rather than decreased due to the salary burden.
Barcelona’s players now make a combined 656 million euros this season, up from 518 million euros the year before.
Romeo claims that the club hopes to lower player salaries to 500 million euros, with 420 million going to the first squad and 80 million to the younger teams.
